CNS Treasury
Accountant in Garland, TX
FAS 133 and IAS 39 are two very similar standards introduced to ensure firms correctly recognize and report on the value of derivatives FAS 133 (Accounting for Derivative Instruments and Hedging Activities) is part of Generally Accepted Accounting Practice in the USA, while IAS 39 (Financial Instruments: Recognition and Measurement) is part of International Financial Reporting Standards Essentially, FAS 133 requires firms to recognize every derivative as an asset or a liability, measured at fair market value, and accounted for on the firm's Profit and Loss report.
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About Us
read moreCNS Treasury Ltd (CNS) provides Treasury Risk Management Software for companies with FX, Money Market, Commodities and Hedge Accounting exposure. This is a multi-asset class and modular system, delivered on-line, and runs under a software-as-a-service (SAAS) model. A critical element of treasury management is managing risk. The reporting tool manages risk through greater transparency and full visibility of past performance, current situation and future risk. CNS clients place a high value on this.
CNS TreasuryOur People
read moreHils' innovative approach to finance has led to CNS Treasury's visual simplification of a company's risk, enabling treasury departments to not only comply with regulations, but also to provide a crystal-clear picture of the company's risk profile. As an entrepreneur and pragmatic thinker Hils has a real appreciation of the importance of risk management. Hils began his career on the Sydney Futures Exchange floor in 1985, followed by experience with banks and brokerage houses before founding a successful Foreign Exchange company, Tuatara Management Ltd, in 1991.
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